PM seeks strong partnership among BRICS nations to spur growth

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Prime Minister Narendra Modi on Monday sought a strong partnership among BRICS nations to spur growth, saying that the bloc has developed a robust framework for cooperation and contributed to the stability in a world "drifting towards uncertainty".

Prime Minister Narendra Modi said that BRICS has developed a robust framework for cooperation and contributes to stability and growth in a world drifting towards uncertainty. Addressing the synergy between the countries the PM said the collective endeavours today encompass a wide arena covering culture, environment, agriculture, energy, sports among others. He added that the countries are working in mission-mode to eradicate poverty and ensure health, sanitation, skills, food security and gender equality.

Prime Minister also stressed on the programmes for women empowerment saying that these programmes were productivity multipliers and mainstream women in nation building. On economic cooperation, the Prime Minister nudged the countries to an early creation of a BRICS rating agency which can cater to the financing needs of sovereign and corporate entities of developing nations.

He added, "Our Central Banks must further strengthen their capabilities & promote cooperation between the Contingent Reserve Arrangement & the IMF". Prime Minister Modi also highlighted the strengthening of agenda of renewable energy. He said that affordable, reliable and sustainable access to energy was crucial for the development of our nations. He encouraged the BRICS nations to work closely with International Solar Alliance. India has been championing the solar alliance since its inception in 2015.

The Prime Minister also welcomed cooperation for capacity building between BRICS & African countries in area of skills, health, infra, manufacturing &connectivity. He said a strong BRICS partnership on innovation & digital economy can help spur growth, promote transparency & support the sustainable development goals.

Highlighting the importance of people to people linkage, Prime Minister Modi noted that such cooperation will consolidate our deepening links and enrich our understanding.